Question
In 2019, the Australian retail market made headlines for all the wrong reasons. Retail spending slumped to a 28-year low, the industry was further impacted
In 2019, the Australian retail market made headlines for all the wrong reasons. Retail spending slumped to a 28-year low, the industry was further impacted by the challenge of employee underpayments and more retailers were forced to shut their doors, driven by a wave of consumer change. The rise of American-style shopping malls has given the owners of those malls enormous power over retailers, and they have wielded that power ruthlessly. big increases in that rent every year regardless of trading conditions, have become the norm. With your understanding of economic concepts: (a) How has COVID 19 help change and shape consumer behaviour? (b) Explain how this would affect large landlords of large shopping centres like Westfields, Vicinity and others
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